Updates

** South Korea's SK Hynix 000660.KS, SKHY.O set to begin trading on the Nasdaq later on Friday after raising about $26.5 billion in its U.S. share sale

** The chipmaker's ADRs recently indicated to open at $176.01 vs its offer price of $149, in one of the largest offerings in New York by proceeds raised.

** SK Hynix priced the listing at a 2.7% premium over its average share price in the last three trading days, the company said in a filing to the Korea stock exchange

** Bank of America, Citigroup, Goldman Sachs and J.P. Morgan are the underwriters and the company's primary listing will remain in Seoul

** Chip stocks have lost some momentum in recent ‌weeks after a stellar run, partly due to investor concerns about slower AI spending

** SK Hynix shares closed 0.3% lower at 2.18 million won in Seoul on Friday. They are up about 235% so far in 2026